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Valued Contributor
Stonemanmv
Posts: 1,246
Registered: ‎04-23-2013
0

Bus card UTL

Well I had a tool that broke and had to replace it. I put it on my Amex revolver and now at 70% utl. Not sure if it's fine to pay it over 3 months? I was going to finance it but didn't want another inq 


SIlver:

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Senior Contributor
myjourney
Posts: 26,175
Registered: ‎02-07-2013
0

Re: Bus card UTL


Stonemanmv wrote:

Well I had a tool that broke and had to replace it. I put it on my Amex revolver and now at 70% utl. Not sure if it's fine to pay it over 3 months? I was going to finance it but didn't want another inq 


Business UTL has no effect on personal scores or business scoring as long as it's not a CAP1 card they report to personal CR's and thus can effect UTL and scores 

"Intelligence plus character--that is the goal of true education"
Last 5 apps 6/6/13


Established Contributor
sccredit
Posts: 836
Registered: ‎09-14-2012
0

Re: Bus card UTL

Being a revolving card I don't think Amex will mind it being paid over 3 months

Unsecured Credit: Amex BCP $24,900; Chase Sapphire Preferred $24,200; Discover It $12,500; Chase Ink Cash $15,000; Chase Slate $13,500; Citi TYP $12,900; Amex SPG Biz $3,000; US Bank Platinum $8,600; DCU Visa $10,000; Logix FCU $15,000; Citi Home Depot $8,800; Lowes $5,000; Care Credit $6,000; Penfed Platinum Sig $16,000; Barclay Arrival Plus WEMC $5,000; Bank of America World Points Business Visa $8,000; US Bank PLOC Overdraft $1,500; US Bank Edge Rewards Business $10,000; PenFed PLOC $5,000

Valued Contributor
Stonemanmv
Posts: 1,246
Registered: ‎04-23-2013
0

Re: Bus card UTL

Thanks MJ its a amex simply cash and I didn't want to jump the fence til april. 


SIlver:

Valued Contributor
Stonemanmv
Posts: 1,246
Registered: ‎04-23-2013
0

Re: Bus card UTL

thanks sccredit . Appreciate the info


SIlver:

Community Leader
Senior Contributor
myjourney
Posts: 26,175
Registered: ‎02-07-2013
0

Re: Bus card UTL


Stonemanmv wrote:

Thanks MJ its a amex simply cash and I didn't want to jump the fence til april. 


Good to go 

"Intelligence plus character--that is the goal of true education"
Last 5 apps 6/6/13


Senior Contributor
Open123
Posts: 4,155
Registered: ‎02-23-2011
0

Re: Bus card UTL


myjourney wrote:

Stonemanmv wrote:

Well I had a tool that broke and had to replace it. I put it on my Amex revolver and now at 70% utl. Not sure if it's fine to pay it over 3 months? I was going to finance it but didn't want another inq 


Business UTL has no effect on personal scores or business scoring as long as it's not a CAP1 card they report to personal CR's and thus can effect UTL and scores 


+1

 

Bus Utility has no bearing on your personal credit score.  And, regarding Amex, I've found they couldn't care less about business utility.  This year, I've routinely been at 200% of CL on some of our business cards.  Of course, you'd have to treat whatever exceeds the limit as a charge card balance, but otherwise no AA, charge declines, or over the limit fees.

Valued Contributor
Stonemanmv
Posts: 1,246
Registered: ‎04-23-2013
0

Re: Bus card UTL

Open- wow I guess I'm being a little crazy for nothing thanks for the info. 


SIlver:


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